Remittance as a Service Here is a brief why I decided to launch a money-transfer service called Remittance as a Service or RAAS (or a Virtual Money Transfer Operator) Remittances are touted as the low-hanging fruit in the money transfer business. This much is true. With an estimated market size of US$ 600+ Billion per …
Is Over Regulation Killing the Industry? Money Service Businesses (MSBs) are one of the most regulated entities in the financial services vertical. In the United States the regulations are even more stringent. Yet, today, most MSBs are being denied banking access, as they are deemed risky. The industry term used by banking institutions is to …
As my workload has increased I am looking for a dedicated virtual assistant who is able to provide the following services (see below) in a timely and reliable manner. Attached herewith is the gist of the work I would like to get done. This is possibly a 5-6 month assignment (if not longer). I am looking …
Before the “Dollar” there was the Thaler. Yes, the Dollar was referred to as the Thaler before. The Thaler was a silvercoin used throughout Europe for almost four hundred years. Its name lives on in the many currencies called dollar and until recently, the Slovenian tolar. Further, the name of the Romanian and Moldovan currencies …
One of the biggest dilemma that fintech startups in the money transfer business face is gaining traction for their business. A trainload of users will come, once we build it, they said. Usually it doesn’t happen. — This page was last updated on September 12, 2015.
UAE took an unprecedented step by removing oil subsidies for the price of gas one pays at the pump. The subsidies that UAE is removing will amount to a saving of 5.6% of GDP for UAE. Other GCC states might follow, for Saudi Arabia it is a 11.5% of GDP spend and for Qatar 5.5%, …
How Do Low Oil Prices Affect Workers Remittances from the GCC States? Read More »
The Migrant Worker’s Smartphone – The forgotten worker and their phone. The bulk of remittances that countries like India, Pakistan, Bangladesh, etc. receive from the Middle-East comes from blue-collar workers who are involved in all facets of construction and the ancillary industries circling construction. The migrant worker essentially. We have all heard the horror stories …
Financial Inclusion in Africa I recently visited the continent of Africa for the first time landing in Tanzania, the land of Kilimanjaro. My goal amongst other things was to understand financial inclusion in Africa and why it is so successful? Of particular importance to me was the success of mobile payments. — This page was …
